Facebook Plans to Acquire Mature Mobile Startups, Says CTO

With its newly replenished cash hoard, Facebook plans to acquire mature mobile start-up companies to work toward its goal of being a platform company, according to Facebook CTO Bret Taylor.

“We’re really focused on acquisitions,” Taylor said at the Inside Social Apps conference at UC San Francisco on Tuesday. “Every investment we make is aligning ourselves with the vision of being a platform company.”

The company raised $1.5 billion last week through an investment organized by Goldman Sachs, and is likely to file for an IPO later this year.